UAE-based airline Emirates has said it is not interested in picking up a stake in Jet Airways even as the general perception in the market is that the timeframe for deciding on who should get a share of the debt-strapped Indian carrier is way too short.
Expressions of Interest (EoI) were invited on Monday and interested bidders have till 3 pm on Tuesday to put in their queries. They have to submit their EoIs by Wednesday 6 pm. The bidders have to place their binding bids latest by April 30.
“Emirates has no plans to buy or acquire any airline. We continue to focus on our organic growth, and will partner with other airlines where it benefits our customers and makes commercial sense,” an airline spokesperson told BusinessLine . An email sent to Qatar Airways, IAG, Singapore Airlines, Delta and Air France seeking a comment on their interest in Jet remained unanswered till the time of going to press.
